On March 10, 2021, the board of directors of Overload Spring Company voted to distribute $1,560,000 to the firm's stockholders. If the firm has issued 75,000 shares of 4%
preferred stock with a par value of $25 and 2,240,000 shares of common stock outstanding, calculate the following. (Round all answers to the nearest cent.)
Dividend per share of preferred stock:
